Zain Saudi Said to Hire Four Banks for $2.5 Billion 5-Year Loan

Stefania Bianchi

May 31, 2012, 4:21 AM EDT

Mobile Telecommunications Co. of Saudi Arabia, known as Zain Saudi, hired four banks for a five-year $2.5 billion loan to refinance its Islamic facility that matures in July, according to two bankers familiar with the matter.

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